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Search Results 0 to 30 of about 31 (some duplicates have been removed)
% of our fiscal problem is on the spending side. obama is being very inflexible on that. republicans i'm afraid will get taken to the cleaners just what happened in 1990 when read myips. melissa: would you rather we went over the fiscal cliff? >> compared to what obama's talking about, the fiscal cliff might be better because obama not only wants soak the rich tax increases that would automatically happen, he then wants additional taxes on top of that would be very bad for american competitiveness. we don't want to send jobs to china and india but almost as if obama wants to do that. at least if w went over the cliff, we would get the sequester, which is the budget wonk term for automatic reductions in the growth of spending. melissa: absolutely but i'm not sure republicans are giving in as much as you think. ifou drill down on the details, as soon as i saw 800 billion in new x revenue, my immediate question did they give on the point of marginal rat d from the language it doesn't look like. more a tax code basically closes loopholes. they employ all the euphemisms to say you will get
with president obama's latest ideas for getting past the standoff with house republicans. he now says there isn't enough time left to do a comprehensive deal, including tax reform, fixing medicare. so he wants congress to raise tax rates for the wealthy right now and putting off the hard work to next year. they have 28 days left to make a deal before the country hits what's called the fiscal cliff. that's a combination of across the board tax increases for everyone, coupled with cuts in spending like defense, education, health care, and housing assistance. let's go live to our chief white house correspondent jessica yellin with the very latest. jessica? >> reporter: president obama has now personally turned down speaker boehner's opening offer to avert the fiscal cliff. he did it in a tv interview. what does president obama think of speaker boehner's proposal to avert the fiscal cliff? >> unfortunately, the speaker's proposal right now is still out of balance. he talks about $800 billion worth of revenues but says he's going to do that by lowering rates. when you look at the math, it doesn't wo
hand, particularly since the republicans outraised obama 5-1 on wall street which is a real reverse since 2008. the markets are so upset with the minimal oversight that the administration has put on them that they've swung to the g.o.p. camp this time, and they're not going to buckle on that. >> eliot: brian, let me come back to a political-type question. defense cuts, another area where the democrats are saying we have the opportunity sequestration imposes more significant cuts in the military. many think that's a good thing to do. barney frank every chance you give him he'll talk loudly why it's the correct thing to do. is there a chance that the republicans will give him that one? >> it depends on what happens between now and the first of the year. if you go over the cliff and all the tax cuts expire and sequestration takes affect, that gives the president the ability to reorganize the defense budget in a way that tracks what he wants to do with the military spending, which is to slow the growth or even to freeze the growth in real terms. if they cut a deal beforehand and then pu
possibly look like. that was a movement more towards the center. as president obama said it's unacceptable. when i was walking over here i spoke to a senior republican senator and he pretty much said look, we accept that eventually these rates on the 250 or above are going to have to go up. we should try to bank something. whether that be something to bring back to our conference saying we lost the 250 or above but we got the medicare age raised. we were able to get significant entitlement reform. that is most likely what some deal is going to look like. there is a belief amongst house republicans andrea, that president obama is playing smart politics on this. he's taking this cliff all the way to the edge, the possibility that he's okay with the country going over it, with the idea that he can fracture republicans on the tax issue. remember, republicans have been ability lowering taxes ever since h.w. bush said the read my lips pledge. what they've run on. if he can fracture them and hurt them politically going into 2014 they believe that's what he's doing and why he's trying to draw this
it yesterday. so republicans have been accusing president obama of not having any specifics and then jay carney and those pointed out hey, wait a minute, we've had this plan for over a year. come on. we got all of the specifics. here's where we would cut. here's what loopholes we would close. so republicans had to come up with something. and yesterday, it came up with a plan, last week, michael, they were all saying we can't wait to throw grover norquist under the bus. yesterday, looks to me like grover norquist is still in charge. >> sure. >> bill: one thing that in their plan, they don't identify loopholes they would close. they don't identify spending cuts for the most part they would make and they say no, we're going to keep the tax breaks for the top 2%. what's changed? what's different? >> nothing's changed. their fundamental problem is this, as you know. the thing that's most important to them, emotionally and in policy terms i guess but just in their gut, the thing that's most important to them is
reliefchallenge.com today for a special trial offer. >> brian: president obama's move, republicans making what they consider a bold counter offer to the white house in an attempt to avoid the so-called fiscal cliff that's coming our way just four weeks away. eight working days away. wendell goler live at the white house. what's the latest? >> what we have now is an opening proposal from each side. the republicans plan would cut $2.2 trillion from the deficit, which is about $600 billion more than the president's plan. it would raise the eligibility age for medicare from 65 to 67. and lower the annual cost of living increases for social security benefits. south carolina senator lindsey graham says those two programs have to be brought under control. >> if we adjusted the age of retirement over the next 30 years like ronald reagan and tip o'neil adjusted the cpi index and means tested benefits, we could save medicare and social security from insolvency and people need the programs. the good news is, we would get our kids and grandkids out of the situation of becoming greece. >> the president's aides not surpr
obama said there would be no deal to avert an economic plunge unless republicans agree to increase taxes on the wealthiest americans. and nato agreed to deploy patriot missiles in turkey to defend against syrian shells and rockets that cross the border. online, historian michael beschloss offers a snapshot of an ailing lyndon johnson, days before the former president's death. hari sreenivasan has the story. >> sreenivasan: 40 years ago this month, the man who would be remembered as an architect of the vietnam war agonized over his legacy. we have a glimpse into l.b.j.'s final months with a recording of a phone conversation he had with then-president richard nixon. you can listen to it on the rundown. and on the business desk, we answer the most frequently asked question from our "ask the headhunter" series: how do you get noticed by your dream employer? all that and more is on our web site, newshour.pbs.org. gwen? >> ifill: and that's the newshour for tonight. on wednesday, we'll examine how rising carbon dioxide levels are affecting florida's coral reefs. i'm gwen ifill. >> woodruff: an
'd think we would have somewhere to begin negotiations. the white house says what republicans have offered isn't even a start. six governors, democrats, and republicans weigh in on the fiscal cliff today. what will they tell president obama about the spending cuts and tax increases now just 28 days away? >> we must reign in our out of control spending. >> reporter: republicans have an offer, $800 billion in new taxes, half what the president wanted. $600 billion saved in part by making americans wait until they're 67 to get medicare. plus more cuts totalling $2.2 trillion. but no tax hikes for the wealthy. >> that's just not going to happen. >> reporter: the pentagon could take the biggest hit from president obama told defense experts monday, don't worry. >> even as we make very tough fiscal choices, we're going to keep investing in these programs. >> reporter: he went online on youtube and twitter explaining why he thinks the rich should pay more. going over the fiscal cliff could cost america jobs. >> we're only expanding 2% right now. it needs to be considerably higher to bring more peo
to really happen that way, because president obama, his goal is to vilify the republican party, i talk about it in my book, divider and chief constantly portraying them as hostage takers the eve enemy. even if we abandon all of our principles and go along with the mainstream media and what they want it will not be enough and obama will continue to vilify them. the republicans need to focus on grass root strategy, identifying hispanics and members of other demographic groups that could be swing voters. identify them and thet their targeted message out there too them so we can have a genuine debate on the issues, instead of villa my those who disagree with the president. let's have a discussion as simon said the economic benefits, how we can do this in a way that will benefit all americans, instead of just saying, oh, heck, we lost the election we'll just abandon all of our principles. jon: simon i like what you had to say and i think the whole country is looking for bay bipartisan solutions to some of these thorny questions that are out there. from a republican standpoint, and knowing you're
obama. the different in dollars. the president wants $800 billion more in tax increases. the republicans want approximately more a trillion dollars more spending cuts. that's the difference between the two sides just in dollar terms. there is a difference between the two sides in terms of principle. the principle centers on higher tax rates, yes or no. speaker boehner many latest offer is raise $800 billion mostly from the wealthy by limiting deductions. the president says, no, don't want that. we want to tax the rich with higher tax rates on the rich. we have a dollar difference, a difference in principle. martha: we are hung up on ideology here. if you can get the money one way and it produces a long lasting change to the tax code which both sides say they want, what seems to be the problem? >> reporter: it's ideology. the president one the elect, he says he won it on taxing the rich. he want to win the debate. whether it's the best solutioner to the economy is an entirely different story. this is a political and ideological argument and we'll see who wins. martha: there is a couple wa
, second amendment instead of blaming the sick people who use them. republicans have responded to a fiscal cliff counter offer to president obama. eamon javers joins us now from washington with all the details. good evening. >> reporter: good evening. leapt me walk you through the specifics or at least what specifics we have so far from this boehner counter offer and you can see where it falls short from the white house's perspective right in the top line take a look at the details here. boehner and the other house republicans are asking for $800 billion in new tax reform revenue. that's short of the $1.6 trillion that the president would like to see there. also health savings of $600 billion. mandatory savings of $300 billion. revisions of cpa of 200 billion. other discretionary saving 300 billion. they say net savings is $2.2 trillion all told. the white house says this plan is not balanced, and interestingly there's a little side skirmish here between the speaker of the house john boehner and erskine bowls. boehner said this was based on a report that bowles laid out. bawls said no. he
leaked to the reuters news agency that on president obama's short list for defense secretary is the republican, former republican senator, chuck hagel. it is interesting that, today, the white house is doing some leaking to news agencies. reuters cited an administration official, that is all we know, but chuck hagel is on the short list. and the white house says reuters and us plans to announce the new defense secretary and secretary of state, some time over the next two weeks. >> too little, too late; president obama's response to the g.o.p. plan to avoid the cliffally. in an interview with blomberg tv the president said there is not enough time to pull off the republican's proposal that overhauls the tax system and entitlements at tate days from going over the fiscal cliff which is called the series of spending cuts and expiring tax breaks which would be an economic disaster. the sticking point is the call for higher taxes for families, higher taxes on amounts earned above $250,000. everyone gets the tax cut, the first $250,000 is not taxable only but that. the president sa
refusing. after rejecting the obama administration proposal last week, house republicans offered an outline for $2.2 trillion in deficit reduction, mostly through spending cuts. and while president obama would not answer questions about the counterproposal -- >> no deal better than a bad deal, sir? >> reporter: -- a senior white house official assailed it as a step backward, saying if republicans do not agree to some higher rates for wealthier taxpayer, the nation will go over the cliff, and the american people will hold the republicans responsible. wall street remains optimistic a deal will be struck. so the lack of progress is not yet resulted in a market plunge. but some economists estimate that because of the uncertainty posed by the fiscal cliff, at least 200,000 fewer jobs have been created this year. the official deadline is december 31st at midnight when the ball drops in times square. the deadline is before that, a week from friday when the house of representatives is scheduled to go on vacation. in actuality there are fewer than 11 days before they need to work out a deal. jake ta
and it will be the republicans that give ground. >> i think this time around obama has learned from his past mistakes and more importantly he has the advantage that if he does nothing he's in better shape than the republicans are. >>reporter: professor says republican holding the middle class hostage trying to force the president hand. problem is they can't afford to carry out the threat. if the g.o.p. is blamed for raising taxes on everybody because they were trying to protect the rich, be putting themselves in a dark hole. in the newsroom, abc 7 news. >>> let's go over seas to syria. united nations preparing to evacuate all non-essential staff from syria growing fear that the regime is considering using chemical weapons. european union also reducing the presence there. and president obama is warning syria president over the entire situation. martha tonight on the weapon that syria has and what that means for the united states. >> latest intelligence is alar alarming. officials telling abc news the un is new seeing specific signs that the syrian regime may prosecute engine to use the chemical sarah
demanding higher tax rates for the top two tax brackets and republicans refusing. after refusing the proposal last week, house republicans offered an outline for $2.2 trillion in deficit reduction mostly through spending cuts, and while president obama would not answer questions about the counterproposal -- >> no deal better than a bad deal, sir? >> thank you. >> reporter: -- a senior white house official assailed it as a step backwards saying if republicans do not agree to some higher rates for wealthier taxpayers, the nation will go over the cliff and the american people will hold the republicans responsible. wall street remains optimistic a deal will be struck, so the lack of progress has not yet resulted in a market plunge, but some economists estimate that because of the uncertainty posed by the fiscal cliff, at least 200,000 fewer jobs have been created this year. and, diane, the official deadline for the fiscal cliff is december 31st at midnight when the ball drops in times square, but there's actually another deadline. the house of representatives is scheduled to go on wi
between the white house and house republicans. eve one offers a deal the other side says is totally unacceptable and a non-starter. president obama just sat down for an interview with bloomberg and says the tax rates -- the republicans say don't raise rates. but let's close out loopholes and get rid of deductions. all you should care about is how much revenue you are getting. why do you care fit' a rate or deduction. increase the revenue. president obama says no i need rates to go up on the rich. now he's saying rates have to go up. they have to go up on the rich. but then we can talk about lower them again next year. we'll chat. we'll have more time then we can discuss the loopholes abductional earn tough deductions to rates. >> we are 400 days away from the first primaries of the 2014 elect cycle. every day we get closer to those primaries the likelihood of a big deal, something large taking place gets less. so the president is saying there, never minds. what he's saying there -- he knows the political reality of this, having suffered the worst mid-term defeat of any president in
will join me, one a republican. there's a new report president obama is considering. vogue editor anna winteror to be the next u.s. ambassador to the uk or france. do you believe that report? it's our gut check. be sure to check out our "news nation" tumblr page. you'll see behind the scene pictures and we got this picture of wynton march sal less yesterday in the house. [ female announcer ] a classic meatloaf recipe from stouffer's starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. let's fix dinner. yeah, the cisco ucsc series server, with the intel xeon processors, help us scale smoothly, like a perfect golf swing. how was it before? clunky and full of unnecessary impediments. like charles' swing. i heard that. trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. but i still have a runny nose. [ male announcer ]
to make a deal can't make a deal. yesterday, republicans proposed steep spending cuts but gave no ground on president obama's call to raise taxes on the wealthiest americans. here's what the president told bloomberg's white house correspondent about that. >> unfortunately the speaker's proposal right now is still out of balance. you know he talks, for example, about $800 billion worth of revenue but was he says he's going to do that by lowering rates. when you look at the platte it doesn't work. when i've said is, i am prepared to work with the speaker and democrats and republicans to go after excessive health care costs in our federal health care system, we're going to have to strengthen those systems and i think we can do that without hurting seniors, without hurting beneficiaries. i think that, you know, there's probably more cuts that we can squeeze out, though we've made over a trillion worth of spending cuts. >> you'll remember only a week ago the democrats proposed their solution to this and it was rejected by the republicans. the president is reiterating that taxes have to go up
the public returned the republicans to the house, the democrats to the senate, and president obama to the white house. they want them to start solving problems. they are absolutely disgusted with this and if they go over this cliff, believe me, there's going to be a price to be paid and nobody's going to be a winner on it. >> yeah, but i do want to add, john, i do believe the president did get a partial mandate, at least the voters said the wealthy in this country ought to pay higher taxes. now, how you get to the higher tax, whether you raise rates, whether you reduce deductions, there are a lot of different ways to get there. the point is, i think everybody now agrees that -- not everybody agrees, but that we need more revenue and that the wealthy ought to be the first ones in line. and that seems to be reasonable, but i think the white house can get too stuck on this whole question of rates as opposed to finding a creative solution that brings in more money. >> david, i agree with you, but you do that through effective tax rates, not through marginal tax rates. that's how you br
jong and sandusky. captioning funded by cbs republicans seem to be at a standstill. >> on monday gop leaders made their counter offer to president obama and officials quickly dismissed it. major garrett is at the white house this morning. good morning. >> reporter: good morning, charlie and norah. there's no prospect for a deal and not much talking going on either. for the first time there are numbers on the pieces of paper from the white house and the congressional republicans. there are disagreements from both sides of how serious those numbers are. for the first time there are boundaries to find agreement in the middle if those numbers yield themselves to politics. republicans put their plan in writing. the white house says it should have saved the paper and ink. republicans remain opposed to raising income tax rates. overall, their plan is lighter on taxes and heavier on spending ing cuts than the white house prefers. gop offered $800 billion in tax increases by eliminating or reducing unspecified deductions. $600 billion in entitlement cuts and $300 billio
, but as secretary geithner said over the weekend, as, i think, president obama conveyed in the interview today with bloomberg tv, he remains confident we can get this done. he remains optimistic that once republicans accept that there is no deal without an acknowledgement and acceptance that rates have to go up on higher end earners that, well, we can find a compromise here that resolves the fiscal cliff and takes a very important step towards the kind of broad balanced deficit reduction package that do enormous good to the economy. the kind of package i should not leave out with targeting investments so the economy continues to grow and create jobs. as i said on occasions, deficit reduction in and of itself is not a goal, but part of the plan that is focused on economic growth and job creation. president's very focused on that. jay? >> just a second ago, you referred to how the debt ceiling, taking it off the table, needs to be part of the deal. you referred to the economy, you called held hostage by the ideological team. you were aware of this, senator obama was against -- >> we addressed th
to $1 billion a day and it could delay shipments of holiday gift merchandise. >>> president obama will host a group of governors today to talk about the upcoming "fiscal cliff." this is after they rejected a count proposal from congressional republicans. that plan promises to trim $2.2 trillion over 10 years and includes $900 billion in entitlement cuts, two-thirds of that from healthcare. it also offers $800 billion in new tax revenues but only if the money comes from tax reform and not from raising rates on the wealthy. and that's where the stalemate is stuck. >>> rates have to rise and republicans need to acknowledge that. that's the only way to get from here to there. >> the white house says the plans fails the balance test. tax hikes and spending cuts will automatically kick in on 1/1. >>> in your world, fighting has escalated in damascus. this comes after president obama issued a warning to president assad and his government not to use any chemical weapons. secretary of state hillary clinton says if assad goes down that road, there will be consequences. >> suffice to say we
to speed this morning. president obama rejecting a fiscal cliff counter offer from republicans. the gop proposal calls for $2.2 trillion in deficit savings over the next decade, including 800 billion from tax reform. 600 billion from medicare reform, 600 billion in spending cuts. the white house is refusing to consider it because it doesn't include tax hikes for the wealthiest americans. >>> and britain is rife with speculation this morning, is kate having a boy, or a girl? is she having twins? triplets? what about a name? britain is buzzing with news that prince william's wife, katherine, is pregnant. she is in a london hospital being treated for severe morning sickness. >>> students at one elementary school in atlanta will attend class in a different building this morning. dozens were sickened yesterday at their regular school by carbon monoxide poisoning. at least 49 were sent to the hospital. fire officials believe the heating system failed. later this morning we will talk to a student, a parent and a school official. >>> the judge overseeing the court marshall of nadal hassan has b
discuss a little -- the latest with the fiscal cliff negotiations. republicans and joined obama to extend the bush era tax rates. first time university law professor looked at the history of the alternative minimum task -- tax. cluster e-mails, phone calls and tweets. tuesday at 7:00 a.m. eastern on c-span. more about the tax loopholes and deductions that could be involved in negotiations over the fiscal cliff. from our special washington journal series, this is 50 mins. >> we turn our attention today to deductions and tax -- tax loopholes. joining us to talk about this is john mckennan, thank you for being here. what are loopholes and deductions? we hear those words a lot. guest: loopholes or tax breaks of all different sorts. whether you like a particular loophole or not depends on where you sit. there are lots of loopholes that are deductions. deductions are the ones most people are familiar with. the big itemize deductions are things like a home mortgage interest deduction. there is one for state and local taxes that is very important. the deduction for charitable contributions. then
of the agreement will be released when the contract is voted on tomorrow. >>> president obama will host a group of governors today to talk about the "fiscal cliff" after he rejected a counterproposal from congressional republicans. that plan promised to trim $2.2 trillion over the next 10 years and cuts from entitlements and billions in new tax revenues only from tax reform. and not in raising rates on the wealthy. and that's the sticking point. >> rates have to rise and the republicans need to acknowledge that, that that's the only way to get from here to there. >> in a statement, the white house says the plan fails the balance test. if the two side can't reach a deal by 12/31, hikes and cuts will kick in. >>> frustrated with facebook privacy settings? how you can make your voice heard this week. >> have you gotten your flu shot? why this season may be the worst in nearly a decade. >> a royal baby on the way. why the kind of morning sickness kate has is fueling speculation about twins. ,,,,,,,,,,,, secondhand smoke affects everyone's health. it's not just irritating. it can cause heart disease
christmas. worry about next year if this strike goes on. as i told you yesterday, the republican counterproposal for heading off the fiscal cliff was a nonstarter. president obama made clear today that it will not be possible to get a deal to avert the fiscal cliff without raising taxes on the wealthy. the gop's plan did promise $2.2 trillion in deficit savings over the next decade. that's about half of what the president promises in his plan. but the gop plan does it without any tax hikes on the rich. and that is not going to fly with democrats. republicans for their part are unhappy that the president's proposal calls for $200 billion more in stimulus spending over the next year. here is how that breaks down. $95 billion to extend the payroll tax cut for one year, $30 billion to extend jobless benefit for one year, $50 billion to spend on roads and bridges and another $25 billion on short-term stuff like a temporary tax deduction for small businesses. the argument in favor of the president's plan is this could help people still hurting from years of economic trouble, but you kn
counties to report votes on election night, too, 19,712 for obama. 19,349 for romney. >> so it overperformed -- or underperformed for the president? >> but uncanny accuracy in prediction. >> one thing i took away from the swing states versus the nonswing states which i think is something republicans ought to be aware, where the democrats can implement their get out the vote, this is, i believe -- even in losing elections they have overperformed in the swing states. bush in 2000 and 2004. >> this is proof that obama ran a better campaign in the states where the campaigns really mattered. but what's remarkable to me is that obama was able to get out his vote in such a concentration of places. democrats are really clustered at the presidential level. they can win some of the swing states by winning a very small -- >> 22% of counties total. >> the map is redder today. so if you look at that divide, we may be moving to a new normal where democrats and particularly nonwhite voters are sufficient in swing states, allow democrats to win statewide. >> and they're the presidential par
is $1 trillion. soledad, that's the problem. republicans have put forward budgets, voted for them, willing to be held accountable. democrats have not. president obama has not. >> you won't vote for them. >> nor have any democrats. >> democrats have voted for those budgets and supported those budgets. >> zero to 610 is the vote total of the last three votes on his last three budgets, 0-610. do you think that's a serious proposal? president obama, show us your plan. >> he can't show you a plan he gave you a plan. his plan is not to repeal obamacare. not going to happen. you lost the election, buddy. >> we are out of time. we need to take bob shrum's coffee away, bring everybody back down. we appreciate your time, senator. i love you hashing the numbers with him. he always comes ready to lay it out. >> political reality, it is a very different world than he is laying out. republicans won't consider raising the top rates, it is not your choice anymore. they are going up unless you make a deal that the president accepts. >>> believe it or not, there are some other stories in the world
Search Results 0 to 30 of about 31 (some duplicates have been removed)